Shares of Colony Credit Real Estate Inc (NYSE:CLNC) have received an average broker rating score of 2.00 (Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a buy rating.

Brokers have set a 12-month consensus price target of $21.00 for the company and are predicting that the company will post $0.40 EPS for the current quarter, according to Zacks. Zacks has also given Colony Credit Real Estate an industry rank of 86 out of 255 based on the ratings given to its competitors.

CLNC has been the subject of several research analyst reports. Raymond James reduced their price target on shares of Colony Credit Real Estate from $23.50 to $23.00 and set an “outperform” rating for the company in a research report on Wednesday, November 14th. Zacks Investment Research downgraded shares of Colony Credit Real Estate from a “hold” rating to a “sell” rating in a research report on Thursday, November 15th.

A number of hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE grew its holdings in shares of Colony Credit Real Estate by 123.6% during the second quarter. Bank of America Corp DE now owns 15,570 shares of the company’s stock worth $323,000 after buying an additional 8,606 shares during the last quarter. California Public Employees Retirement System purchased a new stake in Colony Credit Real Estate in the 2nd quarter valued at approximately $275,000. Bank of New York Mellon Corp boosted its holdings in Colony Credit Real Estate by 2,191.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 298,155 shares of the company’s stock valued at $6,181,000 after purchasing an additional 285,142 shares in the last quarter. Northern Trust Corp purchased a new stake in Colony Credit Real Estate in the 2nd quarter valued at approximately $4,856,000. Finally, Bank of Montreal Can boosted its holdings in Colony Credit Real Estate by 1,010.4% in the 3rd quarter. Bank of Montreal Can now owns 6,618 shares of the company’s stock valued at $146,000 after purchasing an additional 6,022 shares in the last quarter. Institutional investors own 24.24% of the company’s stock.

CLNC stock traded down $0.19 on Friday, hitting $15.51. 403,388 shares of the company’s stock traded hands, compared to its average volume of 277,924. The company has a debt-to-equity ratio of 0.51, a current ratio of 4.91 and a quick ratio of 4.91. The firm has a market cap of $2.05 billion and a PE ratio of 22.16. Colony Credit Real Estate has a 1-year low of $15.35 and a 1-year high of $23.23.

The business also recently announced a monthly dividend, which was paid on Monday, March 11th. Shareholders of record on Thursday, February 28th were given a $0.145 dividend. The ex-dividend date was Wednesday, February 27th. This represents a $1.74 dividend on an annualized basis and a yield of 11.22%. Colony Credit Real Estate’s payout ratio is 248.57%.

Colony Credit Real Estate Company Profile

Colony Credit Real Estate, Inc operates as a commercial real estate (CRE) credit real estate investment trust in the United States. It focuses on originating, acquiring, financing, and managing a portfolio of CRE senior mortgage loans, mezzanine loans, preferred equity, debt securities, and net leased properties.

Recommended Story: What is a Candlestick Chart?

Get a free copy of the Zacks research report on Colony Credit Real Estate (CLNC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Colony Credit Real Estate Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Colony Credit Real Estate and related companies with MarketBeat.com's FREE daily email newsletter.